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India's services exports have emerged as a cornerstone of its economic growth, reflecting the nation's expanding global presence in knowledge-intensive sectors. In the fiscal year 2024–25, services exports reached a record $383.51 billion, marking a 12.45% increase from the previous year.

1.  Software and IT Services: This sector remains the dominant contributor, accounting for approximately 56% of total services exports. India holds a 10.2% share of the global market in telecommunications, computer, and information services, ranking as the world's second-largest exporter in this category. 
2. Other Business Services (OBS): Comprising about 33% of services exports, OBS includes legal, accounting, consulting, and market research services. This sector has experienced significant growth, driven by increasing global demand for specialized services .
3. Travel and Transport Services: Together, these sectors contribute around 4.6% to total services exports. While their share is relatively modest, they have shown resilience, with travel receipts increasing notably post-pandemic.
4. Financial Services: Despite India's strong performance in other sectors, financial services account for a smaller portion of exports, reflecting opportunities for growth in international banking, insurance, and investment services.
    

Over the past five years, India's services exports have demonstrated robust growth, with an average annual increase of approximately 11.6%. This upward trajectory underscores the country's strategic positioning in the global services trade, driven by its skilled workforce and technological advancements.

In summary, India's services export sector is characterized by its dominance in IT and software services, significant contributions from business services, and emerging opportunities in travel, transport, and financial services. Continued investment in these areas is essential to sustain and enhance India's competitive edge in the global market.